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Steel makers not out of the woods yet as demand and margin issues persist

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing

Conserving cash is the mantra: Firms put capex plans on hold amid Covid-19

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In India, too, demand is inching up post the easing of lockdown. Steel consumption for the month of May was at 3.1 MT.

4 min read Last Updated : Jun 30 2020 | 2:40 AM IST

The stocks of domestic steel companies, such as Tata Steel, JSW Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL), have surged 26-142 per cent from the lows seen in March and early April.

While the resumption of economic activities after the easing of lockdown has improved sentiment, the rebound in Chinese demand is encouraging. The recent news flow on government's support measures also bodes well. This includes the imposition of anti-dumping duty on flat-rolled steel products, plated or coated with aluminium and zinc, also referred to as Galvalume steel. The government is also expected to take

Topics : Steel Authority of India Tata Steel JSW steel

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